a glitch at mcdonald's leaves customers in several countries unable to order. and from rivalry to partnership — honda and nissan agree to work together on developing electric vehicles. welcome to world business report. mcdonald's is in the bit of a pickle. it is having some unexplained technical difficulties at its restaurants across the world, leaving customers unable to order food. we're told that this issue has been fixed here in the uk but the issues have affected outlets in hong kong, australia and several other countries.

mcdonald's says it's aware of a technology outage impacting restaurants, and that the issue is �*being resolved'. they said it's not related to a cyber security event. joining us now from new york is michelle fleury. not michelle mcfleury as i would be tempted to say in other circumstances. what is going on? restau ra nts restaurants have been affected overnight and it seems to be able to play a big issue in bangkok, australia, also where you are in the uk and ireland. some stores had to close reportedly because the it systems went down, people were not able to order because of the touchscreens are not able to place mobile orders. in some cases they went back to pen and paper to take orders and that old thing of

accepting cash. all of this has been accepting cash. all of this has been a black eye for the chicago —based company who have come out and said it is not related to a cyber security attack but they have not given any more details about what caused the outage. they said in a statement we are aware of a technology outage which impacted our restaurants. the issue is now being resolved. if you haven't been to a mcdonald's lately it is all a very computerised affair now placing an order. do we have any sense for how much a problem like this costs mcdonald's? they have got about 41,000 stores around the world. most of them are in the united states. a lot of this outage seems to have happened in the last several hours so for the united states that would have been overnight when things are slower. countries known to be affected like japan have the largest number of mcdonald's restaurant, nearly 3000,

followed by the uk. you can see it as a shaky start whatever way you look at it for mcdonald's because it was only last month they gave their last earnings presentation and said actually the war in the middle east was hurting their business and would continue to do so but they are suffering a knock on effect as an american brand because of boycotts in several markets and an outage like this although we don't know the impact adds to the woes that are piling up. thank you very much. two ofjapan�*s biggest car—makers honda and nissan have announced a potential partnership to develop electric vehicles. if it proceeds, they'll collaborate on making parts for evs and develop artificial intelligence for their cars. it could help them as they battle competition from emerging chinese car manufacturers as well as the market leader, tesla. i asked david bailey, professor of business economics at the birmingham business school and an expert on the car industry, how big a deal this is.

i think it is quite a big deal. 0n i think it is quite a big deal. on one level it really shows that the massive challenge that china is bringing to the global auto industry. china has been making electric vehicles for 25 years and can make cars for 30% cheaper than european orjapanese firms so japanese firms like nissan are thinking we really need to do something. nissan had an early advantage but it has really started to lag behind as has honda so they really need to speed things up so i think it shows that the scale of the challenge that car companies outside china really now face. [30 challenge that car companies outside china really now face.— china really now face. do you think we could begin _ china really now face. do you think we could begin to _ china really now face. do you think we could begin to see _ china really now face. do you think we could begin to see more - china really now face. do you think we could begin to see more of - china really now face. do you think we could begin to see more of this| we could begin to see more of this consolidation among the big legacy names in the car making. recently we saw the creation of that new giant still and test with the merger

across the atlantic. renault is in partnership with nissan and nissan finding another partner. what do you make of that? i finding another partner. what do you make of that?— make of that? i think that is absolutely _ make of that? i think that is absolutely right. _ make of that? i think that is absolutely right. we - make of that? i think that is absolutely right. we are - make of that? i think that is l absolutely right. we are going make of that? i think that is - absolutely right. we are going to see the maps of the alliances between firms drawn and redrawn with bigger firms coming together. what nissan and honda are really looking to do is things like developing new cars together to share costs, to buy components more cheaply through bulk buying but also to develop joint platforms so you can make essentially different brands and models of the same underlying technology so i think we will see much more of that. it will be interesting in terms of the nissan renault alliance, where does this leave renault? but also with car plans. is there a possibility that in the future you could see not only nissan but honda made in the uk? doesn't see anything particular about japan? doesn't see anything particular aboutjapan? 0nce doesn't see anything particular aboutjapan? once a hotbed of innovation particularly for the car

industry, suddenly doesn't feel that way any more. it industry, suddenly doesn't feel that way any more-— way any more. it doesn't. that is the big thing- — way any more. it doesn't. that is the big thing. it _ way any more. it doesn't. that is the big thing. it is _ way any more. it doesn't. that is the big thing. it is interesting, i the big thing. it is interesting, different japanese firms are the big thing. it is interesting, differentjapanese firms are going differentjapanese firms are going different directions so toyota is doubling down on hybrids. it sees along transition to electrification so they think short term it is hybrid. nissan thinks the litigation is coming more quickly and they are lagging behind and they were world leaders but are now being beaten by chinese players, not only tesla. if you think about some of the industries like colour tvs, japan was a leader but it was too slow to embrace the new technologies that came and that has largely been wiped out so there is an existential threat to the japanese industry from the chinese players that are coming. let's head to china where we have a new picture of the health of its housing market with new home prices falling by the largest decline in more than a year. the real estate sector makes up roughly a third of the chinese

economy and has been in a severe state of crisis. but, could there be some green shoots? here's our asia business reporter katie silver. china's new home prices have been falling. in the month ofjanuary, they dropped by almost three quarters of a percent from the same time a year earlier. it was the steepest drop in almost a year and represents just how unconfident people in china are about buying up property. now, for years, investing in real estate is a fundamental part of the chinese dream. individuals borrowed to buy new condos, and the developers that built these properties also borrowed up big. the government liked it. it created jobs. companies formed to supply these developers, and the property sector became a pillar of the country's economic growth. the problem was you had skyscrapers across the country literally built on debt. it's an unstable foundation and the government spying a problem introduced a number of rules aimed at putting a pin in to slowly burst the bubble.

now known as the three red lines, the general principle articulated by xi jinping was that property is to be lived in, not to be speculated on. the problem was the pin was perhaps too sharp. the bubble burst and the sector has come crashing down, having contagion impacts across the economy. it's a smaller regional areas, often known as tier 3 or four cities that are feeling it the hardest. loads of new apartments for sale, but no one wanting to buy. in one of them, xiao guan. it would take almost ten years to sell the number of apartments available. given current clearance rates and in something of a policy u—turn, beijing has been ramping up efforts to boost confidence and encourage people to spend. last week, the country's national people's congress was seen as an opportunity to boost morale and rates have been cut to encourage people to buy. the question, though, is, will they?

finally to the world of fashion — because from 1920s starlets — to the supermodels of the 90s — the fashionista's bible british vogue has seen it all. now, the glossy magazine has a new boss. chioma nnadi, has replaced edward enninful, to be become the first ever black woman to sit in the editor's chair. ahead of her first publication, noor nanji, went to meet her. style, famous faces, outlandish outfits. for decades, vogue and its editors have informed us of the biggest fashion trends. now the british magazine has a new woman in charge determined to make her mark. yeah, his show was one of the best. you're the first woman of colour to hold this post. what does that mean to you? it's obviously an incredible honour. and i think, thinking about the sort of younger baby chioma, thinking about what she might have thought and i know how meaningful it is for, for younger people to see someone

like me, who looks like me, in a position like this. my first childhood memories is just fixating on a pair of shiny shoes, these patent leather shoes, when i was a kid. and ijust remember getting my dad to buy them because my mum wouldn't. and ifeel that getting dressed is one of the mostjoyful things i get to do every day and i like to bring a sense of colour and joy and optimism. chioma spent the last 14 years working at vogue in new york before returning to london, where she grew up. the thing i brought to american vogue was a sense of british style and that eccentricity and that sense of cherry picking from different things. and i think leaving the uk made me realisejust how much of a london girl i was. i really love this cover image. for her debut issue, nnadi chose to feature the singer fka twigs — a nod to her early days as a musicjournalist. that colour was all over the runways this season.

the magazine circulation has remained steady over recent years, but it does still face challenges. vogue has been criticised for being out of touch and for displaying fashion that is unaffordable to most people. what would you say to that? for me, when i open a magazine, that's really what i want to see. and there is obviously a fantasy aspect of fashion, and that's obviously what drew me in, too, as a young person. and how would your colleagues describe you? are you sort of a terrifying, devil wears prada type editor, or are you more easygoing? i hope i'm not terrifying. i would say i'm pretty easygoing, but i also have a really strong sense of what i like. her new chapter starts now as she takes the helm of the industry's fashion bible. noor nanji, bbc news. in other news... bitcoin's roller—coaster ride has been continuing. having hit a new record ofjust under $74,000 on thursday, it's dropped to 68,300 today. one of the potential reasons cited for its movement is speculation that

us interest rates won't be cut as soon asjune as many had expected. the telecomms giant vodafone has agreed to sell its business in italy to swisscom. the 8bn euros deal is part of vodafone's plans to reshape its european operations, having also sold its spanish business. vodafone plans to return 4bn euros to shareholders. markets now, quite the mixed picture. you can see the ftse 100 you can see the ftse100 down by just a touch, stronger gains for the dax in frankfurt. investors still digesting economic data from the us which suggests that inflation is not falling in line with expectations. until next time, goodbye.

small steps but this is a giant leap forjane. bone cancer meant that bit of a pelvis including an entire hip had to be removed. the operation save her life but left with limited mobility. save her life but left with limited mobili . , ., mobility. the surgeon said i would alwa s mobility. the surgeon said i would always need _ mobility. the surgeon said i would always need crutches _ mobility. the surgeon said i would always need crutches or _ mobility. the surgeon said i would always need crutches or a - mobility. the surgeon said i would i always need crutches or a wheelchair when he gave us of the diagnosis. and again, that's it.— when he gave us of the diagnosis. and again, that's it. jane's husband had other ideas. _ and again, that's it. jane's husband had other ideas. a _ and again, that's it. jane's husband had other ideas. a retired - and again, that's it. jane's husband| had other ideas. a retired salesman with no engineering experience and only a garage to work on, he took on a considerable challenge. what only a garage to work on, he took on a considerable challenge.— a considerable challenge. what we had to do was _ a considerable challenge. what we had to do was try _ a considerable challenge. what we had to do was try and _ a considerable challenge. what we had to do was try and recreate - a considerable challenge. what we had to do was try and recreate the | had to do was try and recreate the human_ had to do was try and recreate the human hip — had to do was try and recreate the human hip which is an incredibly complex— human hip which is an incredibly complexjoint. jane lost human hip which is an incredibly complex joint. jane lost all the attachment points where muscles are connected _ attachment points where muscles are connected to the skeleton. what we had to— connected to the skeleton. what we had to do— connected to the skeleton. what we had to do was create a true

exoskeleton._ had to do was create a true exoskeleton. , ., ., , ., exoskeleton. the plan was that the brace would _ exoskeleton. the plan was that the brace would enable _ exoskeleton. the plan was that the brace would enable jane _ exoskeleton. the plan was that the brace would enable jane to - exoskeleton. the plan was that the brace would enable jane to walk i brace would enable jane to walk using just one crutch but things have gone even better than they had hoped. i have gone even better than they had ho ed. .., have gone even better than they had ho ed. .. ., have gone even better than they had hoed. ., ., ~ ., hoped. i can now walk unaided in the brace. it hoped. i can now walk unaided in the brace- it is — hoped. i can now walk unaided in the brace. it is ladies _ hoped. i can now walk unaided in the brace. it is ladies and _ hoped. i can now walk unaided in the brace. it is ladies and we _ hoped. i can now walk unaided in the brace. it is ladies and we are - brace. it is ladies and we are working slowly and hoping to be able to perfect on this so i can walk greater distances unaided but with the brace on.

hello, the latest sports news. the ceo of the us anti—doping agency, travis tygart, has called the treatment of russian figure skater kamila valieva �*sickening' — after it was revealed she'd been given 56 medications over a two year period, when she was aged between 13 and 15. none of the substances were on the world anti—doping agency's banned list — but valieva was banned for four years for doping after testing positive for banned heart medication — shortly before the 2022 winter olympics. it is incredible, it is absolutely sickening that a young girl, skating of course aptly highest level, but for her to have been given that many substances over a relatively short period of time isjust

substances over a relatively short period of time is just inexcusable and frankly those